About Us

Thomas J. Herzfeld

Thomas Herzfeld is chairman and president of Thomas J. Herzfeld Advisors, Inc., an investment management firm specializing in closed-end fund research, analysis, and investment since 1984.

Mr. Herzfeld is widely considered to be the leading expert in the closed-end fund industry. He has spent more than 40 years managing closed-end fund investments. Currently, he is chairman and president of The Herzfeld Caribbean Basin Fund, Inc., the first closed-end fund formed to invest in the Caribbean region (NASDAQ: CUBA). Since 2012, he has served as co-portfolio manager of the Virtus Herzfeld Fund, an open-end mutual fund subadvised by Herzfeld Advisors for Virtus Investment Partners.

Mr. Herzfeld began specializing in closed-end funds in 1968 when he joined Wall Street firm Reynolds & Co. In 1970, he was a founder of a New York Stock Exchange member firm. In 1981, he formed Thomas J. Herzfeld & Co., Inc., the first-ever stock brokerage firm devoted to closed-end funds, and he formed the advisory arm, Thomas J. Herzfeld Advisors, Inc., in 1984.

Mr. Herzfeld is author of the first closed-end fund textbook, The Investor's Guide to Closed-End Funds (McGraw-Hill, 1979), as well as five other books dedicated to the subject. He has been quoted in thousands of articles, written hundreds of articles, including regularly for Barron’s, and made television appearances on Wall Street Week, The Nightly Business Report, and CNBC.

Mr. Herzfeld earned a B.S. and received an honorary Doctor of Humane Letters (L.H.D.) from Philadelphia University. He began his career in the investment industry in 1968.

Please carefully consider a Fund’s investment objectives, risks, charges, and expenses before investing. For this and other information about any Virtus mutual fund, call 1-800-243-4361 or visit Virtus.com for a prospectus and/or summary prospectus. Read it carefully before you invest or send money.

Annual Lipper Fund Awards: The Virtus Global Real Estate Fund had the highest “Lipper Leader for Consistent Return (Effective Return)” value in its classification for the three-year period. Lipper ranks the fund based on the total return as of 12/31/15. The fund is ranked within a universe of funds similar in portfolio characteristics and capitalization. Rankings do not include the effect of a fund’s sales load, if applicable. Lipper ranking is for Class I shares only, other classes may have different performance characteristics.